Alright heres what im trying to do.

Im trying to create an alliance forum for a game, and there are multiple guilds in this alliance. I want the forums to be private and restricted to members only, so guild leaders/officers will be required to approve applicants before they get member status on the forums.

I tried to create a group for that, except that you only seem able to assign ONE moderator for the group, which would kill that idea.

I take it its not possible to set multiple moderators for a group? So the only thing i can do is create multiple groups, one for each guild, and set access rights appropriately?

You can put more than one member in a group

Click on the group>>Add members name>>they will be added>>Save

Yes but i mean multiple moderators for that group.

Sorry but you can only put one group moderator but you can suggest to have more than one group moderator in the suggestion forum.